Author Archives: Loknath Das

How ‘Consumer Relief’ After Mortgage Crisis Can Enrich Big Banks

A home in Henderson, Nev., that was foreclosed. Some deals by big banks to provide mortgage relief for borrowers have a built-in profit incentive. CreditMax Whittaker for The New York Times In every multibillion dollar settlement with a big bank that peddled faulty mortgage securities, a major provision has been a requirement that the bank provide “consumer relief.” In the ... Read More »

Asian stocks mark time, waiting for clearer view on U.S. rates

A man (3rd L) looks at an electronic stock quotation board as passers-by walk past, outside a brokerage in Tokyo, Japan January 20, 2016. REUTERS/Toru Hanai Asian stocks consolidated recent gains on Wednesday before a U.S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike ... Read More »

Oil’s decline creating a listless market, says traders

Oil has exerted its pull over the last week of trading, creating a listless market in the wake of its decline, traders told CNBC on Tuesday. “Every time they go above those production levels they’re going to say that it was for in house, basically, storage,” Steve Grasso, director of institutional sales at Stuart Frankel, said in an interview with ... Read More »

Christian Candy’s finance chief denies ‘good cop, bad cop’ game

Christian Candy: described in court as ‘a very confident businessman’ and ‘very direct’ by the finance director of CPC. Photograph: Philip Toscano/PA The finance director of Christian Candy’s property firm CPC played a “good cop, bad cop” game with the businessman Mark Holyoake, the high court has heard. Tim Dean, the finance director of CPC, appeared in the high court ... Read More »

China’s Economy Is Set for Steady Growth

A boy holds a toy his father bought for him as they exit a toy store in Beijing on January 18, 2017. China’s growth slipped to its slowest rate in more than a quarter of a century in 2016, an AFP survey has forecast, as analysts see mounting risks for the world’s number two economy with Donald Trump heading for ... Read More »

Hopes and pitfalls of council business deals

To add to Peter Wilby’s excellent article (The councils turning to risky business, 7 March), the idea of public service is being swept away as local authorities seek to fill the huge gap in income created by the Tory government’s move to abolish central funding by 2020. Many authorities are trading away from their home turf; but the setting up ... Read More »

TD Bank under pressure over sales tactics claims

TD Bank Group, Canada’s biggest bank by deposits, is battling to contain damage from a potential sales scandal after a TV show claimed employees regularly broke laws for fear of being fired. Shares in the bank dropped more than 5 per cent on Friday — the most in more than eight years — after reports by the Canadian Broadcasting Corporation accused TD ... Read More »

3 Tech Stocks to Buy in March

Stock indexes are rallying into the new month, but that doesn’t mean there aren’t still a few good deals available for long-term investors. We asked three Motley Fool contributors for their favorite picks in this pricey market, and they offered LG Display (NYSE:LPL), Activision Blizzard (NASDAQ:ATVI), and Pandora (NYSE:P). Read on to find out why these stocks could make compelling buys right ... Read More »

Canada’s banks set up fund to finance small businesses

* Ex CPPIB boss Wiseman says fund can be catalyst for growth * Fund worth C$500 mln initially, could rise to C$1 bln * Similar UK fund has proved successful * Fund will take minority stakes and invest over long-term * Pension funds could also invest -CIBC CEO (Adds comments from former CPPIB CEO Mark Wiseman) By Matt Scuffham and ... Read More »

Famed Investor Predicts Historic Market Drop

The market may be due for a harsh correction. That’s the view of John Hussman, president of the mutual fund Hussman Investment Trust, seasoned investor, and Stanford University economics PhD. Hussman says you can expect the S&P 500 to return no more than 1% on average over the next decade. Sooner than that, he predicts, the stock market may plunge ... Read More »